Donner Company would like to estimate the variable and fixed components of its maintenance costs...
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Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for six months of operations. Hours Maintenance Cost January 130 $5,610 February 200 7,200 March 150 5,925 April 220 8,040 May 180 6,690 June 190 6,945 Requirement 1: Using the high-low method of analysis, estimate variable cost per labor hour for maintenance. Round to 2 decimal places. $ Requirement 2: High-low method of analysis continued. Using the value calculated in Requirement 1, calculate the total fixed cost per month for maintenance. Round to 2 decimal places. A
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